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A New Era for ZkSync: Elastic Chain
Since 2021, cross-chain bridges have lost over $2 billion due to hacks. Among the largest attacks were Poly Network ($611M), Ronin Network ($624M), and BNB Bridge ($586M).
To enhance security, ZkSync introduced Elastic Chain, analogous to Optimism's SuperChain and Polygon's AggLayer. Elastic Chain unites all L2 networks based on ZkSync into a single ecosystem, allowing users to use one address for all transactions and pay fees with any tokens.
Elastic Chain employs Ethereum's cryptographic verification, eliminating the need for third-party bridges. This solution ensures scalability without increasing transaction costs and offers high throughput. In transaction speed tests, ZkSync Era reached 181.8 TPS, while Polygon zkEVM showed 5.4 TPS, and Optimism reached 142.8 TPS.
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For now, these are future plans. Currently, the ZKsync, Polygon, and Optimism networks operate independently and require standard bridges. The goal is to eventually unify them into a single ecosystem, enabling users to easily use applications without being tied to a specific network or cryptocurrency.
By the end of 2024, over 20 L2 networks based on ZkSync will be launched, including Lens, Sophon, ZERO (by Zerion), Cronos, Nodle, and others, which will be integrated using Elastic Chain. 0 reply
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